trade war heat up, this could lead to Chinese boycotting foreign brand such as Nike and Addidas. Local brands, such as Li Ning, Xtep and Anta will benefit heaps. taking over market share.
I have no doubt, foreign brand such as Nike would welcome the chance to hedge their bet, taking a controlling stake in a local brand . Especially in the high growth soccer shoes segment.
perhaps our aussie directors should approach Nike for a take over.
The shares is already listed in Australia, make an offer of 25 cents per share. iam sure everyone, except Jiameng will sell out. They only need to acquire 51% of shares to take control.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held
